Question: D Question 18 1 pts A newly issued 2-year Low-tech Corp. bond has a price of $1,034.71, a par value of $1,000, a 12% coupon

 D Question 18 1 pts A newly issued 2-year Low-tech Corp.

D Question 18 1 pts A newly issued 2-year Low-tech Corp. bond has a price of $1,034.71, a par value of $1,000, a 12% coupon rate, and a yield of 10%. What is the duration of the bond? O 1.70 years O 1.89 years O 1.64 years O 1.78 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!